HMS Bergbau AG (ISIN: DE0006061104, WKN: 606110), a leading independent commodities trading and marketing company based in Germany, has released its audited financial results for the fiscal year 2025, confirming preliminary figures and highlighting substantial earnings growth. The EBITDA tripled to EUR 60.1 million from EUR 20.1 million in the previous year, while net income surged to EUR 54.8 million, more than four times the EUR 13.2 million reported in 2024. These figures were prepared for the first time under the International Financial Reporting Standards (IFRS), which limits direct comparability with prior-year data.
The significant increase in profitability was partly attributed to positive one-time valuation effects of around EUR 37 million from the transition to IFRS, particularly from the initial consolidation of Maatla Resources (Pty.) Ltd., a coal mine in operation in Botswana. Group sales, however, declined from EUR 1.36 billion to EUR 1.22 billion due to lower commodity prices.
Looking ahead, HMS Bergbau expects group sales of EUR 2 billion and an EBITDA of EUR 55 million for the current fiscal year 2026. This forecast includes a one-time valuation effect of approximately EUR 20 million from the initial consolidation of the mining company Hoshoza Resources Vryheid in South Africa. Excluding this special effect, the adjusted EBITDA is projected to rise from EUR 23.1 million in 2025 to EUR 35 million in 2026, indicating strong underlying operational growth.
The company has made key strategic decisions in 2025 to position itself for continued expansion. By broadening its business activities into liquid fuels, raw material production, and traditional trading, HMS has laid the groundwork to become a fully integrated, internationally oriented commodity house spanning the entire value chain beyond coal trading. This diversification is expected to drive further growth and resilience.
Investors and media representatives are invited to a webcast on 6 July 2026 at 3:00 p.m. (CET), where CEO Dennis Schwindt and CFO Jens Moir will present the 2025 financial ratios and the 2026 outlook, along with updates on current developments. Registration is available at https://www.appairtime.com/event/74c39ab9-56de-4f3d-87f4-721b86f8d201. The company also announced that due to current market conditions in the mid-cap bond market, it has suspended its bond issuance but remains in close contact with investors.
The full annual report for 2025 is available for download on the company's website at www.hms-ag.com in the Investor Relations section. These results underscore HMS Bergbau's robust performance and strategic evolution, positioning it for significant revenue and profit growth in the upcoming fiscal year.
